Post
Topic
Board Legal
Re: Unregulated market is illegal or legal?
by
Argoo
on 23/12/2018, 18:27:09 UTC
Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?
Cryptocurrency can not be considered a bank account, especially open outside the state. It also can not be considered shares. In any case, until the cryptocurrency is legalized in a particular state and its official status is determined, it cannot be equated to any other type of document.
If a cryptocurrency is not regulated by states, it should be considered legal, since there will not be a special prohibition on its use. As a general rule, it is allowed to engage in any type of business, unless there is a special ban on them.